Axa IM adds Asia head of sovereigns

Axa Investment Managers has sought to strengthen its coverage of individual client segments with the hire of Tom Clapham from Macquarie as its first Asia head of sovereign wealth funds and central banks. This represents one of the largest – and most heavily serviced – pools of assets in the region. The appointment bucks the hiring trend of the past year or so in Asia, where fund houses have been busy building retail sales teams. T. Rowe Price is one recent example, and Axa IM it…